338 Summer St - Apartments FOR SALE


Franklin, MA 02038- 495-South
$2,000,000 USD
781-776-4000
338 Summer St, Franklin, MA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/17
null | 7.37% Cap Rate

338 Summer St
Franklin, MA 02038
495-South


HIGHLIGHTS

  • Desirable Transit-Oriented Location
  • Capital Improvements & Upside Potential
  • Separately Metered Utilities
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 338 Summer Street in Franklin, Massachusetts (the “Property”). The three-story building contains eleven (11) residential units comprised of two (2), 2-Bedroom/1- Bathroom units, seven (7), 1-Bedroom/1-Bathroom units, and two (2), Studio units with 6,248 square feet of living area in 10,722 total gross square feet. The Property is situated on a 1.00-acre parcel of land and features twenty (20) on-site parking spaces. The Property is well-located on Summer Street in a quiet, tree-lined residential neighborhood, and has been well-maintained with substantial capital improvements recently completed. There is a limited supply of multi-family property in Norfolk County with a high demand for rental units. The Property is situated just south of Franklin’s downtown area and primary commercial corridor along E Central Street (MA-140) and is one mile from the Franklin Train Station. The Property offers tenants convenient access to the area’s major roadways, area schools, area shopping (Stop & Shop, Shaw’s, Big Y, Walgreens, CVS), several options for restaurants and bars, and convenient access to Downtown Franklin.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,818

CAP RATE

7.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1860

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

FRAN-000298-000000-000039

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.